Steel Authority of India (NSE:SAIL, BOM:500113) recorded a sharp decline in its consolidated attributable profit to 1.42 billion Indian rupees in the fiscal third quarter ended Dec. 31, 2024, against 4.23 billion rupees a year ago.
Earnings per share contracted to 0.34 rupees compared with the year-ago figure of 1.02 rupees, according to a Wednesday filing to the Indian stock exchanges by the steel manufacturer.
Revenue from operations in fiscal Q3, however, increased to 244.90 billion rupees from 233.49 billion rupees a year earlier.
Shares of the company were up over 4% in recent trade.
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